AVGO Stock Rises 32% in a Month: Will the Momentum Continue in 2025?

Broadcom (AVGO) shares have appreciated 32.4% in the past month, outperforming both the Zacks Computer & Technology sector and the Zacks Electronics Semiconductors industry. Over the same timeframe, the sector and industry have returned 0.3% and 18.9%, respectively.AVGO is benefiting from strong demand for its networking products and custom AI accelerators (XPUs). In fiscal 2024, AI revenues jumped 220% over fiscal 2023 to $12.2 billion and represented 41% of semiconductor revenues. The acquisition of VMwar ...